Arhaus (NASDAQ:ARHS) Price Target Cut to $15.00 by Analysts at Barclays

Arhaus (NASDAQ:ARHS) had its price objective decreased by investment analysts at Barclays from $17.00 to $15.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 18.48% from the company’s previous close.

A number of other research firms also recently commented on ARHS. TD Cowen increased their price objective on Arhaus from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, May 20th. Stifel Nicolaus started coverage on Arhaus in a report on Tuesday, July 9th. They issued a “buy” rating and a $19.50 price target for the company. Jefferies Financial Group lowered shares of Arhaus from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $22.00 to $16.00 in a report on Monday, July 8th. Robert W. Baird cut their price objective on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Piper Sandler restated an “overweight” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Arhaus in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.65.

Arhaus Stock Performance

Shares of NASDAQ ARHS traded up $0.56 during midday trading on Friday, reaching $12.66. 2,463,332 shares of the company were exchanged, compared to its average volume of 1,263,945. The stock has a market cap of $1.78 billion, a P/E ratio of 16.66, a PEG ratio of 2.13 and a beta of 2.57. The stock has a fifty day simple moving average of $16.50 and a 200 day simple moving average of $15.09. Arhaus has a 1 year low of $7.56 and a 1 year high of $19.81. The company has a current ratio of 1.21, a quick ratio of 0.61 and a debt-to-equity ratio of 0.19.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. The firm had revenue of $309.80 million during the quarter, compared to the consensus estimate of $314.28 million. During the same quarter in the prior year, the company earned $0.29 EPS. The company’s revenue was down 1.0% on a year-over-year basis. On average, research analysts forecast that Arhaus will post 0.76 earnings per share for the current fiscal year.

Insider Activity at Arhaus

In other Arhaus news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total value of $28,710.00. Following the sale, the insider now owns 68,785 shares in the company, valued at approximately $1,316,544.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total transaction of $28,710.00. Following the completion of the sale, the insider now directly owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dawn Phillipson sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the completion of the sale, the chief financial officer now owns 499,555 shares in the company, valued at $9,476,558.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,960 shares of company stock worth $2,978,281. Corporate insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Arhaus

Hedge funds and other institutional investors have recently modified their holdings of the business. National Bank of Canada FI lifted its position in shares of Arhaus by 647.1% during the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock worth $74,000 after purchasing an additional 5,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Arhaus by 68.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock valued at $106,000 after purchasing an additional 3,635 shares during the period. Sapient Capital LLC acquired a new stake in shares of Arhaus in the 4th quarter valued at about $118,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Arhaus in the 4th quarter valued at about $119,000. Finally, Quest Partners LLC increased its position in Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after acquiring an additional 7,168 shares during the period. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Company Profile

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.